London close: FTSE 100 finishes at eight-week low
5th Dec 2013 16:27
- FTSE 100 at lowest level since October 11th - Autumn Statement, BoE, ECB in focus - Eyes on jobs report ahead of Fed meeting - AZ Electronic soars after 1.6bn-pound offer from Merck techMARK 2,648.11 +0.15% FTSE 100 6,498.33 -0.18% FTSE 250 15,157.70 +0.20% UK markets traded broadly sideways on
Read moreFTSE 250 movers: AZ Electronic Materials gains on Merck takeover
5th Dec 2013 15:16
AZ Electronic Materials advanced after Merck KGaA agreed to buy the speciality chemicals company for about 1.6bn pounds, a 53 per cent premium to the stock's closing price on Wednesday. Gold miner Centamin rallied as miners rebounded following a sell-off earlier in the week. Sector peer Polymetal h
Read moreThursday broker round-up UPDATE
14th Nov 2013 09:21
Afren: Goldman Sachs moves target price from 260p to 270p and retains its strong buy recommendation. APR Energy: Citi raises target price from 1250p to 1350p reiterating a buy recommendation. Atkins: Investec places both its target price (prev.: 1025p) and its reduce rating under review. Babcock
Read morePhoenix on track to hit top of 2013 cash generation target
25th Oct 2013 07:03
- Year-to-date cash generation of 734m pounds - Discussions with Swiss Re's UK Admin Re division "progressing" Phoenix said it was on track to hit the top end of its 2013 cash generation target range after a strong financial performance in recent months. The closed life fund group, which is in tal
Read moreTuesday broker round-up UPDATE
17th Sep 2013 08:56
Aggreko: Credit Suisse reduces target price from 2000p to 1400p and downgrades from neutral to underperform. Antofagasta: WH Ireland downgrades to neutral. Associated British Food: Nomura moves target price from 1650p to 1670p staying with its reduce rating. Aviva: Berenberg downgrades from hold
Read moreSector movers: Prudential leads life insurers higher
16th Sep 2013 15:45
Life insurance stocks were performing well on Monday as financials benefited from strong start to the week for stock markets across the globe. Prudential was among the best performers after Panmure Gordon hiked its target price for the stock from 1,376p to 1,453p and retained its 'buy' rating follo
Read moreLondon close: Stocks higher after late rally ahead of risk events
4th Sep 2013 16:37
The FTSE 100 managed to rally in afternoon trade on Wednesday to finish in positive territory after a strong start on Wall Street, though gains were only modest ahead of several key 'risk events' which have the potential to spark market volatility. It is set to be a busy end to the week with centra
Read moreLondon midday: Markets cautious ahead of risk events, Syria action
4th Sep 2013 11:26
Traders adopted a cautious approach on Wednesday morning with UK stocks registering losses in morning trade ahead of a number of 'risk events' later in the week which have the potential to spark market volatility. Fears about impending US military action in Syria also hit investor sentiment today a
Read moreLondon open: Potential strike on Syria worries investors early on
4th Sep 2013 08:32
Stocks declined on Wednesday morning on concerns over an imminent Western military intervention in Syria, with investors also choosing to scale back positions ahead of a number of 'risk events' later on in the week. The Senate Foreign Relations Committee last night gave the green light on a US atta
Read moreFriday broker round-up UPDATE
30th Aug 2013 09:27
Antofagasta: Morgan Stanley cuts target price from 830p to 810p and maintains an underweight rating. ARM Holdings: Deutsche Bank raises target price from 470p to 1080p upgrading to buy. Aviva: Barcalys increases target price from 294.50p to 320p, while its underweight rating remains unaltered. Bw
Read moreLondon open: Stocks rise as Chinese data offsets Fed uncertainty
22nd Aug 2013 08:38
London's FTSE 100 rebounded strongly from a six-week low on Thursday morning, snapping a three-day losing streak, after economic data showed a surprise return to growth in Chinese manufacturing activity. The HSBC/Markit flash purchasing managers' index (PMI) for the Chinese manufacturing sector imp
Read morePhoenix Group remains on track
22nd Aug 2013 07:26
Closed life and pension fund consolidator Phoenix Group said strong cash generation continued in the first half as it confirmed that it remains on track to reach its full year targets. The UK based firm said it generated £416m cash generation in the six months ended June 30th versus £119m the same
Read moreLondon close: Stocks weighed down by periphery woes
12th Jul 2013 18:01
A positive start to trading on Wall Street helped the Footsie to evade the losses seen in the rest of the Continent as a result of a sharp rise in Portuguese bond yields. Strong gains in the financial sectors, as investors continued to focus on dovish comments from Federal Reserve Chairman Ben Berna
Read moreLondon midday: Markets extend gains despite concerns over China
12th Jul 2013 12:11
Strong gains in the financial sectors were lifting markets higher on Friday despite concerns over a slowdown in China, as investors continued to focus on dovish comments from Federal Reserve Chairman Ben Bernanke. Stock futures on Wall Street were pointing to a positive start on Friday, extending g
Read moreLondon open: Markets extend gains after record highs on Wall Street
12th Jul 2013 08:51
Markets looked set to end the week on a high note with financial stocks lifting the FTSE 100 higher in early trading on Friday, as sentiment was buoyed by record highs on Wall Street last night. Both the Dow Jones and S&P 500 indices closed at their highest ever levels on Thursday, while the Nasdaq
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